To small businesses, self-employed entrepreneurs, and clergymen who are nervous the recently passed tax reform bill gets rid of deductions that help lower their taxes, Secretary of the Treasury Steven Mnuchin offered assurance Thursday they would be top beneficiaries of the measure that took effect Jan. 1.

Treasury Secretary Steven Mnuchin dispelled fears the tax reform package was just for the rich, declaring to Newsmax's John Gizzi the United States rid itself of "a lot of the deductions that rich people take."